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QuarterlyIQ Insights · BAX

Factors

The full factor breakdown (the numbers behind each rank). The overview page shows the same reads in short form; this is the depth.

Factor signals

Each factor is a parallel diagnostic with a plain-language read of what it shows and how names like it have historically fared. Never aggregated into a single score.

Recent financial performance
weak

Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Health Care names rated weak grew net income 55% of the time over the next year (vs 54% for the rest of the cohort, n=2391).

13th pctl · Health Care
The numbers
bonus
0
dir share
-0.2591
slope norm
-0.4408
Earnings quality
loss_making

Over the trailing year it converted -1.14x of net income into operating cash flow.

The numbers
ttm ni
-1098
ttm cfo
1251
Macro sensitivity

Most sensitive to the broad stock market.

  • the broad stock market: This stock moves with the broad market (high beta).β 0.98 · R² 0.16

Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity (low R² over the window).

Management & capital allocation
volatile

29 material management or governance events in the past 24 months, led by executive changes. Historically, Health Care names rated volatile grew net income 43% of the time over the next year (vs 57% for the rest of the cohort, n=600).

0th pctl · Health Care
The numbers
n events
29
raw activity
4.4912
directional rank
0.0349
directional status
capital_unfriendly

Not investment advice. As of 2026-06-09.

Earnings setup & market context

The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.

Earnings setup · pre-print positioning
forward-looking
bearish strongEPS revised -16.1% / 30d, n=11for period ending 2026-06-30
Why this setup
Consensus revisions

EPS estimate $0.44 → $0.37 (-16.1% / 30d). 0 raised, 12 cut, 11 covering analysts.

Rating actions

0 upgrades, 1 downgrade / 30d, 0 maintained. 14% of analysts rate Buy.

Sector context
Intermediate · Weekly
Sector phase: health care is in growth, with decelerating (~2.5 years in phase).
Sector regime (90d momentum): headwind.
headwind-9.2%sector vs S&P 500, 60d

via XLV

Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.

Full health care context →All sectors →

AI cycle regime · market-wide
2-axis classifierLong-term · 1–3 yr
HeatingManiaSquallCrisisEarnings →Mood ↑
HeatingE -0.23 · M +0.31
Single-axisneutralz +0.26

Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.

Not investment advice. As of 2026-06-09.